Portland area buyers will use the monthly Case Shiller Housing Price Index as one of their guides for determining the value of a property they consider buying. Their other major value guide is comparable sales within the past three months.
The most recent Case Shiller report showed the Portland index at 135.44. This number is approx 4.73% lower then one year ago, 9.63% lower than two years ago, and 27.38% below our market peak in July 2007.
The current index number is not our LOWEST point however. That occurred in March 2011 when we hit bottom at 132.67.
For more information on buying a home in Portland, please visit our team website - www.cityproperties.re or our popular condominium site at www.bpr.com.
Wednesday, December 28, 2011
Wednesday, December 14, 2011
Monday, December 12, 2011
Holiday Open House this Thursday
Please join us for an evening open house at The Strand, unit N505. We invite you to see this fabulous unit while enjoying terrific city and river views. Watch the Christmas Ships as they leave the marina and gather in front of the Strand.
When: Thursday December 15th, 4:30 - 7pm
Where: 1900 SW River Drive, Portland
The Strand, unit N505 in the North Tower
Hosted with mimosa and savory treats.
Our listing here features 2 Bedrooms, 2 Baths, 1650 sqft, is meticulously maintained, and offered at $609,000.
For more info on The Strand, visit our popular condo site www.bpr.com or our team site at www.cityproperties.re.
Monday, December 5, 2011
Are the Holidays a Good Time to Sell
Sixty percent of real estate professionals advise their sellers to list a home during the holidays because it’s a good time to sell, according to a new survey conducted by Realtor.com.
Why are the holidays such a good time to sell? Seventy-nine percent of the agents surveyed said that more serious buyers come out during the holidays, and 61 percent say less competition from other properties make it a great time to sell. Plus, 17 percent of agents say the cold weather is actually a benefit, making homes feel more cozy.
But online listing photos become even more crucial during the holiday season, according to the survey. Slightly more than half of agents say that the photos are more important because sellers tend to offer less open houses around the holidays, and so the online photos help buyers decide the properties to see and which ones to possibly bypass.
The biggest hurdles sellers face during the holidays, however, are keeping a home ready to show (clean and staged) as well as winter weather conditions and buyers’ vacation schedules, the Realtor.com survey found.
To learn more about our team and how we can help you prepare a house to sell, please visit our cityproperties.re page related to selling.
Source: “Survey Data Reveals Majority of Real Estate Professionals Recommend Clients List Their Homes During the Holidays,” Realtor.com (Dec. 2, 2011)
Why are the holidays such a good time to sell? Seventy-nine percent of the agents surveyed said that more serious buyers come out during the holidays, and 61 percent say less competition from other properties make it a great time to sell. Plus, 17 percent of agents say the cold weather is actually a benefit, making homes feel more cozy.
But online listing photos become even more crucial during the holiday season, according to the survey. Slightly more than half of agents say that the photos are more important because sellers tend to offer less open houses around the holidays, and so the online photos help buyers decide the properties to see and which ones to possibly bypass.
The biggest hurdles sellers face during the holidays, however, are keeping a home ready to show (clean and staged) as well as winter weather conditions and buyers’ vacation schedules, the Realtor.com survey found.
To learn more about our team and how we can help you prepare a house to sell, please visit our cityproperties.re page related to selling.
Source: “Survey Data Reveals Majority of Real Estate Professionals Recommend Clients List Their Homes During the Holidays,” Realtor.com (Dec. 2, 2011)
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